best sounding small speakers

Define a small speaker.
My definition of a small speaker includes the stands. Which leads to the question;
"How much realestate do the speakers (with stands) actually take up?"
Either use cubic feet.
Or the projected square feet when viewed head on.
My point, don't limit your thinking to just monitors if room size is an issue.

Has anyone heard the relatively new Acapella Fidelio II's? Also, any feedback on the Ultimate Monitor by Audiomachina? Both of these designs seem to be at the cutting edge in terms of performance considering the enclosure size.

Focus Audio FS-688. Bought a pair a couple of months ago and couldn't be happier.

well how small is small?

Merlins were exceptional when I last hear them and have been upgraded since. Green Mountain audio has a lot of fans though never had the opp myself. Magico's monitors look interesting while the Ultimate Monitor is worth checking out IMO

But if you think about the required stands for these, then really some of smaller but really good-great floorstanders shld be considered too whether they by Gallo Ref 3 or even Kharma 3.2

Well since the thread's title references small speakers, the Acapella and Audiomachina products certainly qualified. Both have front baffles around 6 inches wide! Tha Magico's have a cabinet width of 12 inches and while they are stand mounted, I don't consider them in the same category as the Acapella's and Ultimate Monitor- at least in the physicality of the product. BTW, I own the the Acoustic Energy AE-3 Ref Mk II which is floorstanding with a cabinet baffle of 7.25 inches. The AE's are rear ported while the Audiomachina is sealed and the Acapella is ported at the base of the cabinet. I'm inclined to think that the Audiomachina may have the best performance among all candidates in a small room.